I took the weekend off from studying after taking REG last week and have since been tinkering with the idea of studying for Financial Accounting and Reporting, but have so far found limited success in this endeavor. I’ve been pondering what exactly could motivate one to start studying for a section of the CPA Exam that they’ve already passed and I think I found the answer: PAY $280 FOR IT. (rant) The 18 month window is absolute garbage. It’s not even 18 months. Each testing window is 2 months long and you can only sit once in a testing window. After each window, NASBA takes a one month breather and doesn’t allow exams and it STILL takes as long as 9 weeks (a co-worker of mine sat for his exam on July 3rd and as of today, September 3rd, his score is still not posted online) to get scores back.
Today’s testing experience was a great success, I think. I was better prepared than I’ve been for any section I’ve taken (and passed) and I felt like I knew most of the answers – even the exception to the exception questions where the obvious answer was wrong. There were a couple of multiple choice that I felt like were beyond the scope of what a normal person would study for the exam – left field topics, but I’m guessing that they were the “test” questions that don’t count. I feared that I would get some psycho simulation, but they were both topics that your review material should cover. One of them was very involved and challenging, however. Overall, it was a surprisingly painless testing experience. I was even starting to hope for a phlegm-hacking neighbor to spice things up, but it never happened. I don’t know if other people do
I have put in about 30 hours of studying since Sunday night. I had the good fortune of work being extremely “slow” this week for me, so guess who sat at his desk and studied all day Mon-Wed? While going through Yaeger‘s DVD course, I filled a legal pad with notes. Starting Monday, I re-wrote those notes and spent about 2 full days doing it. I knew I would forget all of those little tax nuances and I was right. It was like I was re-learning the material. I took Wiley’s practice exam tonight with their software and scored a 75 on the MCQs and a 63 on the sims (Shareholder Contribution to Corp and Indiv Tax). I went back through the incorrect answers and I had made some stupid mistakes and on some questions I was leaning one way when I should have been leaning the other. My exam
Although I’ve scored two consecutive 74s on Regulation and own Yaeger‘s cram DVD (I didn’t use it on my last attempt aside from Corps because I was swamped with BEC and up against the deadline or I lost FAR), I made a deal with myself that I would slow down and go back through REG from start to finish and watch every second on Yaeger‘s 9 DVD REG course, and that’s what I’m doing. So far, I’ve been through Individual Tax, Transactions, Gift/Estate/Trust Tax, and Partnerships. Along the way I’ve filled up 50 pages of a legal pad with notes, which I review periodically. Today and tomorrow will be filled with (aside from an inconvenience called “work”) Corporations and then Business Law and Accountant’s Responsibilities/Ethics this weekend. On Monday, I’ll go through all of my notes and begin working all of Dr. Yaeger’s recommended questions from the Wiley book (keep